Top Midday Decliners

MT Newswires Live

04/17

QuidelOrtho (QDEL) shares slumped 32% amid heavy trading after the company set out late Wednesday expectations for preliminary unaudited revenue below market expectations for Q1.

Intraday trading volume surged to over 8.5 million shares from a daily average of about 1.6 million.

MIND Technology (MIND) reported late Wednesday a fiscal Q4 loss and a year-over-year decline in revenue.

Shares slumped 27% as intraday trading volume climbed to more than 895,000 from a daily average of about 153,000.

Allbirds (BIRD) fell by 28% after midday, swinging from a 582% surge at Wednesday's close. The company said Wednesday it has executed a definitive agreement with an institutional investor for a $50 million convertible financing facility that will enable a pivot in its business to artificial intelligence compute infrastructure.

More than 25.8 million shares of the company traded intraday compared with a daily average of about 4.9 million.

Price: 11.91, Change: -5.58, Percent Change: -31.90

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